INVESCO MORTGAGE CAPITAL INC (IVR) : 2 brokerage houses believe that INVESCO MORTGAGE CAPITAL INC (IVR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on INVESCO MORTGAGE CAPITAL INC (IVR). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.17.
INVESCO MORTGAGE CAPITAL INC (IVR) stock is expected to deviate a maximum of $2.06 from the average target price of $15.63 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $13.
For the current week, the company shares have a recommendation consensus of Buy. INVESCO MORTGAGE CAPITAL INC (NYSE:IVR): The stock opened at $15.54 on Thursday but the bulls could not build on the opening and the stock topped out at $15.54 for the day. The stock traded down to $15.33 during the day, due to lack of any buying support eventually closed down at $15.35 with a loss of -1.10% for the day. The stock had closed at $15.52 on the previous day. The total traded volume was 668,757 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CIO) of Invesco Mortgage Capital Inc., Anzalone John, had purchased 4,000 shares in a transaction dated on May 17, 2016. The transaction was executed at $14.18 per share with total amount equaling $56,720.
Invesco Mortgage Capital Inc. is a holding company. The Company is a real estate investment trust (REIT). The Company is focused on investing in, financing and managing residential and commercial mortgage-backed securities (MBS) and mortgage loans. It invests in residential mortgage-backed securities (RMBS) (collectively Agency RMBS), RMBS that are not guaranteed by a United States Government agency (non-Agency RMBS), credit risk transfer securities issued by Government-sponsored enterprises (GSE CRT), commercial mortgage-backed securities (CMBS), residential and commercial mortgage loans, and other real estate-related financing arrangements. The Company generally finances its investments through short and long-term borrowings structured as repurchase agreements and secured loans. It finances its residential loans held-for-investment through asset-backed securities (ABS) issued by consolidated securitization trusts. The Company is managed by Invesco Advisers, Inc.